The University of Minnesota Board of Regents convened to consider and act on the University’s fiscal year 2026 capital and operating budgets on June 18.
The balanced operating budget anticipates approximately $5.1 billion in revenue for the coming year to cover approximately $5.1 billion in expenses. It addresses key priorities shared by the Board and President with a focus on achieving standards of national and international excellence, while maintaining efficient and effective services and processes.
The approved operating budget includes tuition increases and University-wide scope reductions, while balancing forward-thinking strategic investments.
“In my six years on the Board of Regents, this is the most difficult budget I’ve ever had to confront, but the demands and pressure points we are facing are unprecedented,” said Board Chair Janie Mayeron. “This budget looks at all the levers and comes up with a balanced approach that takes into account not only the breadth of our offerings, but also compensation of faculty and others to make sure we are serving our students and the institution at large. We also have to look at how we invest into the future, and how we support and advance the University of Minnesota in this very difficult environment of higher education.”
As part of its meeting, the Board also approved the University’s fiscal 2026 capital improvement budget.
The Board’s Virtual Forum accepts audio, video and written input, which is shared directly with Regents and included in the Board’s public materials. The public is encouraged to visit the Virtual Forum to submit their comments.
The Board of Regents is scheduled to meet next on July 9-10. Visit regents.umn.edu for more information.
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